Math finance - Home



Answer the following questions, make sure to show all work, and answer in context to the problem.1) Jill’s credit card was stolen. The thief charged a $900 kayak on the card before she reported it stolen. How much of the thief’s purchase is Jill responsible for? Explain.Amount:Explanation:2) James has a credit line of $6,500 on his credit card. He had a previous balance of $398.54 and made a $250 payment. The total of his purchases is $1,257.89. What is James’ available credit?Work:Sentence:3) Vincent had the following credit card balances during the month of December:For a day a balance of $350For a week a balance of $800For 10 days a balance of $500For the rest of the month a balance of $ 650Determine his Average Daily Balance Work:Sentence:The APR on his credit card was 24%Determine the monthly percentage rateWork:Sentence:Determine the interest paid this monthWork:Sentence:4)The AMEX blue card offers 6% back for on groceries, 3% back for gas and 1.5% for all other purchases. Jaimita spent $12500 on this card last year. Of that, $3200 was spent on groceries and $1500 on gas. How much cash back did she earn?Work:Sentence: ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download